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Thanks for the info. When I look at a REFI index of 2320.3 for the week ending 7/22/05...does this number equate to a 23.203 CPR that often is quoted in Mortgage REIT press releases?
No. The CPR is different for each MREIT. It depends on the structure of their portfolio and of course, the actual refis and prepays that their portfolio is experiencing.